Bitcoin soared dramatically to 18,000 USD on the night of 8 December and then fell back to 15,000 USD.
The cryptocurrency was trading at $18,302 at 00:34 UTC but then it cost $15,423 at 05:40 UTC.
However, bitcoin resumed growth very soon. Its current price is at about 15,990 USD, with strong fluctuations registered.
Cryptocurrency exchanges are experiencing serious failures due to the crazy price leaps. For example, Bitfinex was DDoS attacked yesterday while the LocalBitcoins and blockchain.info services became unavailable to the users.
Today, the opinions on bitcoin’s future are very different. Thus, Mark Yusko, founder and CEO of Morgan Creek Capital Management, thinks bitcoin’s price may reach 400,000 USD while financial analyst Mark Hulbert predicts a forthcoming crash.